Bitcoin mining to boost UK’s renewable energy grid
A UK-based Bitcoin organization is advocating to the new Labour government to implement a Bitcoin mining-based strategy to combat a growing problem of local electricity demand.
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COVID-19 shook out retail investors but emboldened BTC whales: Report
As the COVID-19 pandemic began, retail and institutional Bitcoin investors took very different approaches, new research from OKEx Insights and Catallact showed. The research, which looked at on-chain BTC transaction data from January to the beginning of August 2020, found retail investors largely pulled back and took a wait and see strategy with Bitcoin. Larger, possibly…
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What is the worst nightmare that could happen to crypto? Experts answer
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Coronavirus Financial Crash Is Bitcoin’s Biggest Test, BitMEX Says
BitMEX, the world’s second largest crypto exchange by daily trading volume as of press time, believes that amid the ongoing global coronavirus crash, Bitcoin faces its biggest challenge and the opportunity to prove its potential during the global financial crisis.The 2020 coronavirus financial crash could be the biggest opportunity Bitcoin has ever seenOn March 17,…
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North America to lead growth in blockchain market, new report says
Blockchain market size is expected to reach $104.19 billion by 2028, exhibiting a CAGR of 55.8% across the forecast period. 319 Total views 11 Total shares A new report indicates that the blockchain industry is set for astronomical growth in the next decade, with the North American market leading the way. The report by Fortune Business Insights, titled…
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Bitcoin’s Coinbase premium hits 39-day high as $63K is reclaimed
Bitcoin demand among United States investors surged after the Federal Reserve confirmed its intentions to lower interest rates.
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Across the seven seas: Retail, institutional investors keen on Bitcoin
Institutions have been at the forefront of the crypto bull run seen since Q4 2020, but now retail investors have been taking the center stage as well. Bitcoin (BTC) is getting more popular all around the world and it officially became a legal tender in El Salvador on Sept. 7, making it a landmark event…
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Japan: Resona Bank Ends Partnership With Ripple-Based Payment App MoneyTap
Major Japanese bank Resona will withdraw from Ripple-powered blockchain payment project MoneyTap on May 13, the bank announced on April 11.A subsidiary of Resona Group, the fifth largest banking group in Japan as of 2012, Resona Bank joined the project in October 2018, along with SBI Sumishin Net Bank and Suruga Bank.Launched on Oct. 3,…
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Major Thai bank experimenting with decentralized finance
Kasikornbank has identified asset-backed DeFi as having the potential to create economic value for Thailand. 2433 Total views 14 Total shares Kasikornbank, or KBank, one of Thailand’s largest banks has begun experimenting with DeFi services as part of its business expansion plan.According to a report by Bangkok Post, the bank’s DeFi exploration is being spearheaded…